Buyers
12-7/8
12-13/18
12-7/18:
12-3/8
11-15/16 11
11-15/18 11
ין
STOCKS:
Close
10.90/91
May July
10.61/62
10.24/25
....
December ( January { }
}
9.43 N
11
Spot
11.01 N
14
Total sales:-1,270 tons.
AFTERNOON MARKET The market was quiet in afternoon.
CHICAGO WHEAT
the
May July
Sterling
September
On demand... 180 1/4
Bar Silver per oz. 2013/18
Market Report
FROM ROZA BROS.
Market
The market was very quiet. NEW YORK COTTON: Southern selling and scattered liquida- tion was easily absorbed by broad Trade, European and Japanese demand.
NEW YORK RUBBER: The meeting of the International Rubber Restriction Committee is to be held on February 20 (Tuesday) and a reduction of 5 per cent. is anticipated. The Trade is reported to be selling against shipment purchases.
"
CHICAGO WHEAT: The absence of offertags on declines, despite further beneficial snows in the South-West and lack of exports, was Bliver prices dropped yesterday more effective than the bulk of the buying. Complaints of ridiculous to the extent of 3/8 for Ready and cold weather conditions in Europe are becoming an important market 3/18 for Forward, the quotations factor,
being 20.13/18 and 20.3/4 respect-. NEW YORK ively, Silver advices reported Spe-148.33; Change, off .45.. culators as having sold. A small business was done. The market closed dill with sellers at 1/16 un- American der the quoted rate. Silver was quoted at 34.3/4" for Bpot.
The London/New York cross- rate was, quoted a: 402:1/2. York-London was quoted at
1/2.
Market" Quiet, Steady but with any business.
Sterling
NEW YORK COMMODITY MARKET (REUTER'S "SERVICE)
New New York Cotton, Mar. 395. New York Rubber, Mar.
Chicago Wheat, May Chicago Corn, May hardly New York Hides, Mar. NEW YORK COTTON
March
No, business was reported. There were sellers at 1/27/8 February May, buyers at 1/2.29/32 Cash..
U.S. Dollars
July (New contract)... 10.39 N. October
9.60/60 9.47 N
Prev. Today's
High Low Close Close Change
11.00 10.91 10,90 11.00 10 up 19.12 19.02 19.10 19.02 .08. off
991 981 981 99
50+ .551- 551 56 14.00 13.81 13.89b 13.93
Closing
up
Bendit Aviation
Bliss & Co.
Brooklyn-Mhattan Trans. Brooklyn-Manhattan $6........ Canadian Pacific R'way a Case, JI. Celanese
Continental Can
up Continental Oll
.04 up Copperweld Steel
Sellers at 24.1/2 March and 24. 7/18 April, buyers at 24.5/8 Cash, 24.9/16 March and 24.1/2 April.
Shanghai Dollars Business was arranged a 345, 345.1/2 and also 340 At the close First Notice Day tor March Cotton-27/2-Last Notice Day-15/3 sellers were quoted · at 946, buyerS | NEW YORK RUBBER bidding 347.
Shanghai Market Sterling sellers were quoted at 4.5/16 for Spot during the early part of the morning and towards the close there were sellers at 7.9/32 US Dollars opened with sellers at 7.1/10.
Total, sales yesterday:-106,800 bales,
March May July September December
First Notice Day for March Rubber-28/2-Last Trading Day-27/3: Gen. Tire & Rubber
+ up
up
Goodyear Tire Co. upGreat Northern Iron Ore ...
PAGE 10-HONGKONG" DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS.
-1
FEBRUARY 15. 1940
On London—
Telegraphic Transfer. 1/2 13/18 Bank Bills, on demand 1/2 13/16 Credits 4 months' sight 1/3 1/8
On Shanghai:-).
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
338***
On Singapore:-
On demand
80 1/2
On Japan:-
On demand
103 1/4
On India:-
SINGAPORE RUBBER
Telegraphic Transfer.
and demand ......
89 1/8
On New York:-
SPOT
APRIL-JUNE
JULY-SEPT.
"On Batavia:-
........ 45 3/8
The market was quiet. LONDON RUBRER
SPOT:
APRIL
Un demand
On Manila:~~~~
On demand
On Bangkok:
On Sterling Notes:-
Bank Buying Rate
1/33/4
... 109, 1/4
MAY
JULY-SEPT.
48 3/4
Bank Bills, on demand 24-3/8-
Credits, 60 days' sight.es
On demand
On Paris:
· Bank Bills, on demand 1085
Credits 4 months' sight 1140
On Saigon:-
NEW YORK, FEBRUARY 14, 1940.
Previous February 14 Closing. Opening Closing Buyers Buyers
38-5/8 38-3/4 38-3/4 38-5/8 35-1/2
35-1/4 35
Previous close Today's close
NEW YORK STOCK EXCHAN
STOCKS
Adams Express Alleghany Steel Co. Allied Stores ...
QUOTATION
(REUTER'S SERVICE)
Last Sale
Feb. 14
"
FEB. 15, 1940 STOCKS'
Reserve Funds:
Last Sale
Feb. 14
217
Kennecott Copper.... Lakey Foundry & Mac, .........
354
$20,000,000
4.
Sterling H.E. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
.£3,000,00 priators Proprietors
HEAD OFFICE: LONDON:
FRIDAY, FEBRUARY 16, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... 880,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up: 890,000,000 Incorporated by Royal Charter, 1813
Paid-Up Capital £8,500,000 Reserve Fund
đ
£3,000,000 ...£3,000,000
9
| Libbey-Owens-Ford
Glass 50
Head Office:-HONG KONG
Allis Chalmers
-371
Lockheed Aircraft
911
Aluminium Ltd.
90
Loew's Inc.
361
Amer, Can ........
115+
Mack Truck Inc.
25
Board of Directors: Hon. Mr. A. L' Shielda,
American Cyanamid B. Amer, & Foreign Power... Amer& Foreign $7 pf. Change American Gas & Elec.
344
Martin, Glen L
411
12
McKesson & Robbins, pid. 181*
H. V. Wilkinson, Esq.,
25+
Monsanto Chemical
110
Chairman.
Deputy Chairman,
351
Montgomery Ward
531
Amer. Locomotive
191
National Aviation
127
38-3/4
36-1/2
unch. off 1/4
Amer. Metais Co.
231*
Nat, Dalty Products
"16%
Amer, Radiator.
..91
Nat, Distillers .....
J. K. Bousfeld, Esq. A. H. Oompton, Exq Hon. Mr. S. H. Dodwell, D. F. Landale, Baq.
off 1/2
Amer. Rolling Mill ........
15
National Gypsum
114
Amer. Sting and Ring Co.
40.
National Lead .....
29
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Amer, Sugar Refining
211
Nat, Power & Light
* 71
Amer. Tel.
Tel,
1711
Buyers
Change
Amer, Tobacco "B"
fos
National Steel Corp. ....!... National Supply Corp. * 91
69
Hon. Mr. T. E. Pearen,
C. C. Roberts, Esq.1.
off 1/16
Amer, Waterworks
OT
New York Central ...
181
off 1/18
Anaconda Copper
271
Niagara Hudson Fower
$1
Branches:
• Sir Vandeleur M. Grayburn,
Chief Manager.
38, Bishopsgate E.0.2. Sun-Agencies In London: 117/122, Leadenhall Street, EQ& West End :Branch: 14/18, Cockspur Street, S.W.1.
Manchester Branch: " 52, Mosley Street, Manchester, L.
AGENCIES AND BRANCHES:
HARBIN ALOR STAR
• PENANG ANKITAAK HONG KONG. RANGOON
ILOILO
BANGKOK- BATAVIA BOMBAY BALOUTTA
KARAUHI KLANGA
AGENO188: Om CLAVE BRZE Fatkan Prac
CANTON
GAWRFORK
KUALA
BAIGON.
IPOH
SAREMBAN
SHANGHAI
SINGAPORE
SITIAWAN
BOURABAYA
LUMPUR KUCHING
TAIPING
TIENTSIN
`unch.
Atchison, T. & S. Fe,
231
N. American Aviation
CEBU *****
MADRAS
TONGEAH
unch
Auburn Motors
17
North American Co.
22
Amoy
*Ipoh..
Baltimore & Olo
51*
Northern Pacific
Bangkok Johore
Barber Asphalt Co.
151
Owens-Illinois Glass Co.
Penang Rangoon Saigan
63
Barndell on
117
Pacific Gas & Elec
331*
Calcutta Kusla
30%
Facinc Lighting
47
Canton
Bethlehem Steel
76
Packard Motors
3+
Chefoo
131
Paramount Pictures
7.
Colombo
Boeing Airplane Co.
244
Pennsylvania FR
Dairen
Malacca
Sungei
Borg-Warner
1231
Phelps-Dodge
371
Foochow
Manila
Bridgeport Brass Corp. Briggs Mig.
11t
Phillips Petroleum
401
Haiphong Muar
Swatow
201
Pittsburg Coks & Iron
Bamburg (Johore) Tientsin
Hakow Makdös Tokyo
18
Public Service of N.J.
41
63+
Pullman Inc.
27]
Harbin New York Tsingtao Iloilo Peiping Yokohama.
5
Pure Oil
B
681*
Radio Corpn. of Am
5Z
Previous close, 148.78; Today's close,
291
Reading Company,
Com
157*
Chesapeake & Ohio
41
Reading Company, 1st pfd
26*
Chrysler Corpo.
Remington Arms Co., Inc.
44*
Climax-Molybdenum Co...
32
Republie Aviation Corp...
61
Colts Patent Fire-Arms
784*
Republic Steel
20
Columbia Cas & Elec, .....
61
Revere Cop. & Brass Inc.
111
Columbia 6 "A" pl.......
87
Reynold Tabac."""
407
Commercial Credit Co.... Com, & Bouthern (Ord.) Consolidated Edison Consolidated Oil.
481
Richfeld OH A.
78
11
Safeway Stores. ..............
491
311
Schenley Distillers
127
#
Sears Roebuck
847
451
Shell Union 'Oli
11t
241
Socony-Vacunum Oil
118
15
Southern Pacific
134
Opening
Change Corn Products
64
Curtiss Wright (C)
101
Southern Rly $5 pid..... Sperry.
291
46
10.91/91
10.64/64
10.25/25
11.00/00 10.73/74 10.33/33
.10 up
Curtis Wright "A"
294
Spicer Manufacturing Co. 314*
12 up
Deere & Co.
204
Standard Brands
.09 up
Distillers Corpn. Seagrams
191
Stand Gas & Elec.
2
10.39b/47a
10.47/47
.08 up
Douglas Aircraft
831
Standard Oil of California 24:
4
9.42/61
9.72/72
12 up
Du Pont de Nemours
1831
Standard. Ol of N.J.
441
*.
9.50/50
9.59/80
.12 up
Eagle Picher Lead
101%
Stone & Webster
101
9.47/47
9:55 N
12 up
11.11 N
Eaton Mfg. Co.
304
Studebaker Com.
121
.10 up
Elec. Autolite
30
Swift International
314
Elec. Bond & Share
71
Technicolor
153
BANK OF EAST ASIA,
Elec, Bond & Share $5 pr.
58
Texas Corph.
45
Hec. Bond & Share $6 pí..
861
Texes Gulf Sulphur
35+
Elec. Power & Light $7 pf.
291
Timken-Axle
22
19.10/10 19.02b/10a 19.02/02 18.64/84 18.57b/65a 18.32/32 18:24/24 18.05b/10a
.08 off Fisk Rubber
14
Trans-America Co. ........
5
Paid-Up Capital
18.54/54
10 of Finkote nh
201
20th Cerit. Fox
112
LIMITED
Authorised Capital......$10,000,000,00
Reserve and Undivided
5,508,000.00
Batavia Kobe
Bombay Kowloon San
ŎCLOMBO DELHI HAIPHONG
· HAMBURG
Francisco HANKOW
Lumpur Shanghai London Singapore Lyons Sourabaya
Patani
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITs received for one year or shorter periods in Local and other Our rencies on terms which will be quoted on application.
ALSO up to date Sars DEPOSIT Boxes in various sizes ToʻLAT Hong Kong, 11th January, 1940
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
-For the HONGKONG & SHANGHAI,
BANKING ConfORATIONĀTĀ)
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1909.
MANILA MEUUN NEW YORK PRIPING
(Peking)
(Bhuket) TRINGTAO YOKOHAMA
:
FOREIGN EXCHANGE and General Banking Business transacted. ***
CURRENT SAccounts opened and. FIXED DEPOSITs received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed, at rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tar overpaid, on terms which may be ascertained at any of the Agencies and Branches.
B. A. CAMIDGE,“
Manager,
THE CHASE BANK"
16, QUEEN'S HOAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
-NEW YORK: An American Bank offering com
plete Foreign-Banking Service in the principal Markets of the world.
Interest Rates on Application,
SAFE DEPOSIT BOXES
This Bank is entirely owned by . THE "CHANDRA Ban
"Naw Fonx, with 'Besources of art
.8.$1,900,000,000,
D. M. BIGGAR,
Second Vios "Pras,
18.17/20
15 off
Gen. American Trans.
54
20th Cent. Fox, $14 pf. ....
Profits
8,883,939.01
17.95/98 17.00/00
.10 off
Gen: Electric
38
Union Carbide & Carbon
83*
Gen. Motors
Gen. Railway Signal
'081/981 981/981 99/991 061/969 981/961 977971 96/961
981/961
Glidden Co......
Goodrich (B.F)
Goodrich $5 pt.
Great Northern Rly, pid.
Great Westem Sugar...
Greyhound Corp."
May
56/551 561/561
56/557"
561/56 584/581
up Hercules Powder Co. up Homestake Mining
562a
57/57
up International Barvester
WINNIPEG WHEAT
Int Nickel
July October NEW YORK HIDES.
853/857 881/87 88 ä
88/851
857/86
unch
Int, Tel & Tel......... Johns-Manville
87/87.
up
J. & Laughlin Steel ST pid. 69
88 B
† up
J
13.89b/92a 13.81/85 14.18/19
13.93/93 14.15/10 14.22/22 14.40/41 14.48 N
.04 up
.04. up
High
The market closed with sellers at 1/27/8 April/May, thyers at
1/2.29/32 for any delivery.
U.S. Dollars
Tuesday's sales:-18,718,000 bushels. CHICAGO CORN
Sellers at 24.9/18 Cash and 24. July
1/2 March, buyers at 245/8 Cash September and 24.9/16 March.
Shanghai Dollars
Sellers at the close were quoted "May
at 352 for Brot
Shanghai Market Easier, Opened with sellers for Sterling at 4.17/64 for Bpot and towards the close there were buy ers for Spot atTM 4.7/32.'
Shanghai Exchange
Shanghai, Feb. 15 (Reuter).
London
Official T.T. Rates «
......... 0/4-1/8
New York
Japan
India
Paris
Opening
8-374
28-3/8
22-7/8
3.03 27-5/8
Sellers *********
Hongkong
Closing
-Spot
0/4-5/16
0/4-3/16
Feb.
0/4-5/18
0/4-3/16
Mar.
0/4-1/4
0/4-1/8
U.S. Dollars
Spot
Feb.
Mar.
$7-3/32 $5-29/32 7-3/32 6-29/32 6-31/32 6-25/22
Market:-Easy,!!.
"
Merchant Rates
Sterling, 0/4-3/16.
US Dollars, $8-7/8.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, today was 1/2-1/24,"
The Equalisation rate was 9-1/2 per cent.
India Rupee Paper
Bombay, Feb. 14 (Reuter). Government 31% Rupee, 91-0-0
Calcutta Exchange
Calcutta, Feb 14 (Reuter). T.T, on Japan, 78-3/4
March
fume September
First notice day for March hides:-28/2/40 last trading day- 25/3/40.
New York, Official 34-3/4 NY-London Cross Rate 3.98-5/8
"
34-3/4 3.95-1/2
SILVER MARKET RESERVE BANK OF
LONDON SILVER 1 London, Feb. 14 (Router). Silver. Speculators sold. Poor support. Business small. Market | quiet" In the afternoon, the mar- ket was dull, with small sellers at |1/16, under, but buyers were re-
served.
Spot, 20-13/16d. Forward, 20-3/4d;
NEW YORK SILVER New York, Feb. 14 (Reuter). Eliver, Oficial, 34-3/4 -
BOMBAY SILVER
Bombay, Feb, 14. (Renter), Market Steady. Offtake 50 bars. Indian Mint Silver
'Ready Mar. 4 Settlement Apr. 3 Settlement
(68-02 54-06 65-10
LONDON GOLD
London, Feb, 14 Beuter). Bar Gold, Tine per oz... 168.
ew York Exchang
New
3.95-7/8.
| INDIA STATEMENT
ד -
Calcutta, Feb 14 (Reuter),
Jan. 31 Feb. 7
Notes in circulation (including Notes held in the Bank,
4,154
ing Department)... 25,353 25,246 Rupee Coin and Bul
lion in Indis........ -6,020 5,919 Gold Coin and. Bul-
lion in India · ́ ́4,154 Becurities (British Fe
Government)....3,834μ 1-3,835|
(Indian Securities.
Government) ********
11,050 11,050
LONDON METALS
EXCHANGE London, Feb. 14 (Reuter). ouvers-sellers
Standard, Cash 243- 243-1/4 Standard.
243
3 month 242-
Berment Price 243-1/4 Straits
6288/1747
1939
DOW JONES AVERAGE
Low Dow Jones Averages Feb. 13,
155,92 191 30 Industriala
· 35.20 -- 24.14** 20 Bail
ME
17.70 2070 20° Uzilimes
33.93 8451 40 Bonda
148,78
Feb. 15, 1940. High Low Close Change "148.83 147.65 148.33 .45 off 31.08 30.85 31.00 12 off 25.00 24.78 24.86 14 off 89.24 .13 of 6.60.06 off Business Done -650,000, shares
31.13
24.99 69:47
86 67 45.59 11. "Commodity Index 5-86
Board of Directors: "
Bir Bhonson Chow, Chairman""
Li Koon Chun, Esq. F. K. Kwok, Eaq...
Li Lan Sang, Beq. Wong Chu Son, Esq. Wong Yun Tong, Eaq, Kan Ting Po, Kag Uhan Ching Shot, Est. Fang Fing Wah Bey
Kan Tong Fo, Esq., Chief Managw- Li-Tu Fong, Esq., Manager.
Branthes and Agencies :—
11 Bingapore Boarabaya Bwako
Melbourne „Aga Pran, Sydney.
Vancouver
Every description of Banking and Exchange business transacted. Loans granted on approved securities....
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
"OF CHINA AB AN INTERNATIONAL EXCHANGE :
BANK, Ope PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branohes China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch
4, QUEEN'S ROAD, C. South China" Offices:
Current Accounts opened in Local CANTON Currency and Fixed Depositare SWATOW ceived for one year or shorter |SHIPCHOW period in Local and Foreign Cur rencies on terms which will quoted on application.
HAYE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY 178
Operating
for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OBAKA.
SINGAPORE PINANG and CALCUTTA
SANDAKAN.
HAIPHONG
All steamers berth, alongside
the Hoosevelt Terminal in
the French Concession st Shanghai, where passeng and cargo ate landed.
For further particular
please apply
FIND OTHERSISTENTTANAGERS
THEERANT.
KONGMOON TUISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chiness Government both at Home and Abroad,
147 BROU J, CHEN,
Manager.
THE KWANGTUNG PROVINCIAL BANK (Inodrpersted in China) General Banking Facilities and Financial Agenta te
"Proridal Government of Kwangtung
Head Office Sharwin, Kwangtong, Provics Hongkong Beach Quron'a ildg., 5 Obster Bd. Cally Address-"PROTINCIAL" 2539, 9463.
Telephones; e 20112, 20118, 20143, 20181, 31881. BRANCHES THROUGHOUT SOUTH CHENA Corresponduska lo New York and Londen Paid Up, Capijal. N$10,000,000. Reserve Capital:............... N$10,500,000.
"AUYANG MANLY,
WANT ADS
5311
Union Pacific
234
181*
United Aircraft
48.*
Head Office:HONG KONG No. 10 Des Voeux Road, Central,
21}
United Airlines Trans
15
18
United Corpn.
21,
181
United Corpn. $3 cum pt. 414
64+
United Gas Corpn.
11
2311
United Gas Improvement
141
14
U.S., Industrual Alcohol.
211*
231
..U.S. Rubber
37+
271
US. Rubber $8 prd,
112
184
UE. Steel
581
88+
Vanadipo
33-
50
Walworth Co."
Lady
Korioon
London
Rangoon
551
Warner Bros. Pict.
31
Bombay
Manila Hot Saigon
Onkeutta
384
Westinghouse Misc.
1123
Balphong
40.
Woodward Iron Cor.
241
Kaskow
New York - Beattie
Hostaju
Part
721
Chase National Bank-
35*
Hobe
Palplay
Bemarang Skangbal
National City Bank
291*
I-ex div.